- Aave price analysis is bullish for today.
- AAVE/USD saw another rally overnight.
- AAVE found resistance at $345 again.
Aave price analysis is bullish for today as the market has rallied to $345 resistance over the last 24 hours and currently looks to break higher. As long as we don’t see strong rejection later today, we expect AAVE/USD to continue higher and break above the $345 resistance next.
The cryptocurrency market traded mostly in the green over the last 24 hours. The market leaders, Bitcoin and Ethereum, are up by 1.08 and 3.48 percent, respectively. Meanwhile, Solana (SOL) is among the worst performers, with a loss of more than 4 percent.
Aave price movement in the last 24 hours: Aave rallies to $345 resistance again
AAVE/USD traded in a range of $321.93 – $348.25, indicating mild volatility over the last 24 hours. Trading volume has increased by 3.47 percent and totals $291 billion, while the total market capitalization trades around $13.6 billion, ranking the coin in 37th place overall.
AAVE/USD 4-hour chart: AAVE ready to break higher?
On the 4-hour chart, we can see the Aave price action attempting to break the $345 resistance, which could lead to a lot more upside fi broken.
Aave price action has seen strong volatility over the past weeks. After peaking at $445 on the 17th of August, AAVE/USD spent the rest of August slowly retracing to $345 support.
A rally, which set a lower swing high at $420, was seen from the support during the first week of September. From there, another quick drop of 25 percent was seen on the 7th of September, with support found above $305 this time.
Over the following days, a slight reaction to the upside was followed by another retest of the $305 support. After rejecting further downside, AAVE/USD rallied higher over the last 24 hours and reached the $345 resistance again.
Considering this Aave price action development, we expect more upside to be seen over the following days. If the $345 resistance gets broken today, we expect Aave to rally to $390 next.
Aave Price Analysis: Conclusion
Aave price analysis is bullish today as the market saw a strong move to the upside over the last 24 hours after retesting $305 support. If the current resistance at $345 is broken, we expect AAVE/USD to rally much higher later today, with the next resistance around $390.
While waiting for Aave to move further, read our articles on Wrapped Bitcoin, Decentralized Exchanges, as well as NFT Marketplace.
Aave (AAVE) Analysis: Will AAVE finally be able to get out of its bearish curse?
- AAVE is back with a bullish momentum after its gradual fall in November
- The token is attempting to replace its previous 24-hour high price mark
- Its current market price is 4.45% greater than yesterday’s closing value
AAVE’s current bullish sentiment aims at taking over the bears who damaged its price for far too long. The token’s weekly performance suffered a reduction of 8.81%, and it was getting damaged for the past six months. The current market cap of AAVE rounds off at $3.3 billion after an increase of 4.27%. The token’s trading volume pushed itself up in the market after an intraday uplift of 36.53%. The AAVE/BTC pair stands at 0.004346 BTC, gaining 4.98% during the intraday session, followed by the AAVE/ETH pair at 0.05581 ETH after an intraday increment of 1.74%.
The token with a market rank of 53 is attempting a climb after it got affected by breakdowns multiple times. The EMA lines have started turning towards an upward direction as a sign of a future steady climb. The 50 runs and the current price action of AAVE and the 100 and 200 lines support the token. The token went down drastically in the form of a market correction, and since then, it has recovered 50% of the value from that fall. The current scenario of AAVE includes an external pullback that is ready to help the token bounce back to the top (refer to the dashed line).
Oscillators are radiating positive signs, but investors are still unsure about AAVE’s future growth
The 4-hour time frame chart explains the long-term prospects of AAVE. The token suffered from the bearish trend for long enough to see its price never recover before. But now, the current situation says that AAVE is trying its best to get back on the track of bullish upclimb. The MACD line is peeping above the zero level and the signal line. The RSI is residing inside the neutral zone for now and suggests a no buy/sell action.
The resistance is at $263.843, and support is at $218.347.
Conclusion- AAVE’s current sentiment shows that it is trying to achieve a breakout and stay consistent. However, its past data shows that the token never got bullish momentum for long. Nonetheless, one may consider day trading with AAVE by waiting for another dip for a short position. It is advisable to study the token before investing.
Aave price analysis: Bearish trend aggravates as price experiences downfall to $225
Downtrend lowers coin value to $225.6
Aave price analysis shows downtrend.
Support is present at $219.27 level.
The latest Aave price analysis shows signs of a downtrend, as the price underwent a substantial decline in the last 24-hours. If we analyze the market situation from a general overview, the past few weeks have proved to be highly supportive for the buyers. A constant downtrend has been on the rise, and a similar trend was observed even today, providing opportunities to the buyers waiting for a lower price, as the market price of AAVE/USD was brought down to a $225.57 low.
AAVE/USD 1-day price chart: Downtrend causes price depression up to $225
The one-day Aave price analysis confirms a bearish trend for cryptocurrency, as the AAVE/USD value is going through a drop. A considerable degree of downfall in coin value is being detected due to rising bearish pressure. If the sellers remain persistent, it can be predicted that the price will lower further in the next few weeks. The price is now standing at $225.57, which is a relatively lower level if we compare it to its moving average (MA) value of $253.78.
The volatility is expanding because of the continuous extension in the downward trend. The upper end of Bollinger Bands Indicator is now at $339.6 position, whereas its lower back is standing at $219.3 place. The Relative Strength Index (RSI) score has gone below the under-bought limit now as the score is touching 29.33.
Aave price analysis: Bears strike back by bringing price down to $225 again
The four-hour Aave price analysis dictates a downtrend as the bears have been maintaining their lead quite efficiently. Although the bulls managed to upgrade coin value in the earlier hours of the day, the bears have successfully secured their lead once again. The downtrend has resulted in price devaluation up to the $225.49 mark, encouraging the sellers. If we discuss the moving average indicator, then its value is currently $233.64.
The Bollinger bands average has moved down to $242.44 because of the constant decreasing trend. The upper band of Bollinger Bands Indicator is now touching the $268.65 mark, and the lower band is touching the $216.24 mark. The RSI curve is moving descendingly as the score is now 31.
The technical indicators chart for AAVE/USD predicts a downtrend for the market, as the sellers have dominated it for the past few weeks. We can see 15 indicators settling on the selling position, ten occupying the neutral position, and one buying position.
The Moving Averages Indicator is following a definite bearish trend as well. Fourteen indicators are present on the selling side, while one indicator is on the neutral and zero indicators are on the buying side. On the other hand, the Oscillators are giving a neutral hint for today as nine oscillators are at the neutral point, and one indicator each is on the selling and buying points.
Aave price analysis conclusion
The one-day and four hours Aave price analysis are giving support for the sellers, as a consistent drop in AAVE/USD value is being observed. The price lowered to $225.57 in the last 24-hours, as the bears were leading the game even today. The hourly price chart displays red candlesticks as well, which means that the bears have been ruling the market for the last four hours.
ATOM, LINK, VET, AAVE & CRV To Breakout This Week! Here’s What Traders Can Expect
As Bitcoin recovers from its free-fall and trades above $65,800, altcoins too have geared up. The defi protocols ETH and BNB are up by 1.5 and 1.2% respectively. XRP too is up by 1.5%. However, ADA and SHIB have failed to pick up as they trade in red as of now.
As the digital asset market prepares for a new phase of the bull cycle, crypto expert Michal van de Poppe has identified five altcoins that he believes will perform well.
The trader tells his 144,000 YouTube subscribers in a new strategy session that he’s keeping a close eye on Cosmos, a project dubbed “the internet of blockchains.” Van de Poppe believes Cosmos will trade in a wide range versus Bitcoin (ATOM/BTC) before bottoming out.
He says the entire region [0.00045 BTC – 0.00037 BTC valued $29.19 – $24] is definitely what he is looking for as a potential entry point in the near future.
At the time of writing, ATOM is trading at $33.08 up by 1.5% in the last 24 hours. The resistance on the upside is at $33.4 from here.
Chainlink, a decentralized oracle network, is the second altcoin on Van de Poppe’s radar. Chainlink (LINK/BTC) is still in a downturn, according to the crypto researcher, but he expects the pair to start rallying early next year.
“We may be nearing the conclusion of this corrective period, and we may want to split this one up and flip some levels before continuing.”
He explains that at this point, moving averages are also coming into play, resulting in this sideways motion, but once the moving averages are flipped, this is absolutely one he wants to purchase.
At the time of writing LINK is trading at $34.17 up by 0.6% in the last 24 hours. The immediate resistance on the upside is at $34.43, while the support to fall back to is at $32.83.
The curve is the governance token of Curve Finance, a stable coin-focused decentralized exchange (DEX). The curve is exhibiting some momentum versus Bitcoin (BTC/CRV), according to the trader, but the pair must break through the barrier at 0.0001 BTC ($6.49) to continue bullishly.
At the time of writing, CRV is trading at $4.13 down by 2.8% in the last 24 hours. The immediate resistance on the upside is at $4.25 and the support to hold on to is at $4.6.
The loan and borrowing protocol Aave is ranked fourth on Van de Poppe’s list. AAVE/BTC, according to the crypto analyst, is just one barrier away from beginning a major surge.
He says he is anticipating acceleration all the way to the highs (0.01 BTC worth $646.56) if we break through this one (0.005690 BTC worth $367.89), most likely to the opposite side of the range.” We’ve seen this happen before.”
At the time of writing, AAVE is trading at $315.88 up by 0.7% in the last 24 hours. The resistance from here is at $318 and the support is at $311.
VeChain, a supply chain management blockchain, is the last altcoin the analyst is looking at. According to Van de Poppe, VeChain is still in a slump against Bitcoin (VET/BTC), although support at 0.0000015 BTC ($0.09) could lead to a trend reversal.
He explains that we’re seeing lower highs and lower lows here, and he believes we’ll see a retest at these lower boundaries. Before we start expanding into a new cycle, you want to get a retest going in this region here, but obviously, a lovely one that is experiencing those cycles.
At the time of writing, VET is trading at $0.166868 up by 3.5% in the last 24 hours. It is currently at its 24 hour high after bouncing off from the $0.155240 level.